Trade Imbalance Shifts US Carbon Emissions To China

The growth of Chinese imports in the U.S. economy boosted the total emissions of carbon dioxide (a primary greenhouse gas) from the two countries by over 700 million metric tons between 1997 and 2003, according to a study published online in the journal Energy Policy. The analysis, prepared by two scientists at the National Center […]

Buyers burn as prices rise for scarce wood pellets

Gas, oil costs turn many people to alternative fuel source, and now industry is scrambling to catch up ALBANY — John Denmark is glad he filled his cellar with 4 tons of wood pellets in May, but he’s not so happy about the rising price and scarcity of the fuel he tosses into his new […]

Aramco has no plans for refining capacity cushion

Saudi Aramco is not aiming to become a swing supplier of oil products with spare refining capacity, an official said, dampening hopes for further plant expansions that could help ease high fuel prices. Saudi Arabia’s state oil firm aims to maintain spare crude production capacity to give consumers a cushion in the event of supply […]

Couple take reins in world oil crisis

WAYLAND — One couple is taking it upon themselves to find out more about the world oil situation and what can be done about it. Aaron Wissner, a Wayland Middle School teacher, and his wife, Kimberly Sager, are worried about world oil production and the impact it is having here. So, the Barry County couple […]

Chicken Littles

Central planners delight in clucking that the worldIn response, Portland and other cities are increasing traffic congestion by promoting higher-density housing, reducing roadway capacities and making parking difficult. Reducing congestion, planners say, would simply encourage more driving and decrease the number of people riding expensive light-rail trains. One of the chief proponents of this view […]

Peak Curiosity

Predicting the end of oil era has been a venerable (albeit fruitless) pseudo-intellectual pursuit for most of the 20th century. This Nostradamian pastime regained new vigor during the late 1990s when (mostly retired geologists) Colin Campbell, Jean LaherrKenneth Deffeyes, an experienced petroleum geologist and a former professor at Princeton University, has been the most puzzling […]

How (Not) to Withdraw from Iraq

Oil: So here we are at another of the great, hardly covered stories of the Iraq war. As Mark LeVine has recently made so clear, the Bush administration, with its former energy industry execs and consultants, was thinking oil Hmm

Thinking like a Contrarian

Some investors work on the theory that if everybody thinks something is guaranteed to happen, then the opposite is most likely to occur. At present, everybody believes oil prices will stay high at best and, at worst, go up to record levels. Trouble is, when everybody thinks something, their expectations quickly become priced into an […]

Minister-less Iran oil industry ails

Iran’s oil industry is not just in the doldrums, it is sinking. The world’s fourth biggest crude producer has not had an oil minister since August, meaning output loss continues unabated, new production deals have no hope of getting signed and Tehran’s voice in OPEC is barely a whisper…Last week, moments after parliament rejected Ahmadinejad’s […]

Make coal part of our power mix

Ontario’s business community is worried. Ontario is at a very dangerous crossroad; on one path is the available electricity to continue to power our economic growth, and along the other, uncertain power supplies, brownouts and blackouts cloud our future. As early as next week, the Ontario Power Authority will issue a report that will provide […]

China aims to tackle energy confusion with new law

China is drawing up a new legal framework for the energy sector to help ensure fuel for its booming economy, but analysts say foreign companies hoping for a stable rule book on investment should brace for disappointment. Years of a piecemeal approach to regulating an increasingly complex market have left the sector with ramshackle guidelines […]

US-India group to lobby for nuclear energy

To ensure a constructive outcome of the nuclear debate, the US India business council (USIBC) is in the process of retaining professional advocacy support to promote the Civilian Nuclear Agreement on Capitol Hill. Talking to FE, USIBC president Ron Somers said, “As the outcome of the civil and nuclear debate will affect Indo-US relations, and […]

Angola aims to redistribute its oil wealth

Big international energy companies are being forced to loosen their grip on one of the world’s most important oil provinces as Angola relaunches bidding for several of its most promising potential oil fields. Senior officials of Sonangol, the African country’s state oil company, this week travelled to London to drum up interest for exploration in […]

China Oil Shortage to Reach 270M MT in 2020

China’s current oil shortage will rise to 270 million metric tons in 2020, a senior official at state-owned Petrochina Co. Ltd. (PTR) said Thursday. “China’s (natural) gas consumption shortage will reach 40 billion cubic meters in 2020,” Lian Jianjia, deputy director-general of Petrochina’s planning department, told the Asean Council of Petroleum, or Ascope. Schlumberger

Iraqi oil exports sink to 2-year low

Iraq’s oil exports in November fell to their lowest level in over two years, as repeated bombings kept a major pipeline shut and poor weather hurt shipments, shipping sources said yesterday. The latest data underscored Iraq’s troubles in reviving its ailing oil sector, damaged by years of neglect under Saddam Hussein’s regime and hampered by […]

World population to grow by 800 million in next decade

KUALA LUMPUR, Dec. 2 (Xinhuanet) — The world’s population will increase by 800 million in the next decade, with the highest growth in Asia and Africa, local media reported on Friday. “The world population stands at 6.4 billion this year. It is expected to shoot up to 7.2 billion by 2015,” the United Nations Development […]

Asia set for deluge of new crude; peak looms

The Pacific Basin oil market is poised for its biggest wave of new regional crude in a decade but it will be a last-gasp effort far too meagre to offset waning output from other fields in their sunset years. The fading profile of Asian oil will be cushioned by a slug of new crude from […]

New drive for energy tax relief

Climate change targets will not be met if ministers let debate on new power plants obscure the drive for energy efficiency, experts are warning. The government-funded Energy Saving Trust says new nuclear or large scale renewable plants, whatever their merits, can only affect the long-term. BBC

Crystal Sponges Excel At Sopping Up CO2

Since the Industrial Revolution, levels of carbon dioxide—a major contributor to the greenhouse effect—have been on the rise, prompting scientists to search for ways of counteracting the trend. One of the main strategies is removing carbon dioxide (CO2) from the flue exhaust of power plants, using porous materials that take up the gas as it […]

Nuclear Energy Supported by as Much as 62% of U.K., Study Says

Nuclear energy development is supported by as much as 62 percent of the U.K. population as long as it’s part of a government policy also expanding renewable power sources such as wind and solar, a Deloitte & Touche LLP survey showed. bloomberg

‘Fossil fuel’ theory takes hit with NASA finding

NASA scientists are about to publish conclusive studies showing abundant methane of a non-biologic nature is found on Saturn’s giant moon Titan, a finding that validates a new book’s contention that oil is not a fossil fuel. “This finding confirms one of the key arguments in ‘Black Gold Stranglehold: The Myth of Scarcity and the […]

Hydrogen Could Help Halve Global Carbon Emissions By 2050

Aggressively expanding the use of hydrogen and other cleaner energies could halve emissions of carbon dioxide (CO2), the main greenhouse gas, by 2050, the International Energy Agency (IEA) said here Thursday. In a report coinciding with a key UN conference on global warming, the IEA said that if conditions were right, hydrogen and hydrogen fuel […]

The Quest for Climate Justice Heats Up

On Thursday, December 1, SEEN and other climate justice organizations held a press briefing at the Palais des congrSEEN

Corporate Green Power Effort Expands to Europe

Some of the largest companies in the world this week announced they have increased their purchases of renewable energy. The World Resources Institute (WRI) and members of its Green Power Market Development Group announced 185 new MW of renewable energy purchases and projects, bringing the total number of MW under contract to 360 — the […]

Import More Cars, Not More Fuel?

2.5 Million Americans Frustrated in Trying to Purchase Fuel-Efficient Cars; Why do Only 5 Car Models in U.S. get Combined Mileage of 40mpg or More, When 86 Car Models not Sold Here do That Well or Better? Not only are 40mpg or better vehicles readily available in other nations, but there is a considerable pent-up […]

Scientists cook up cure for cow flatulence

Cows belching and breaking wind cause methane pollution but British scientists say they have developed a diet to make pastures smell like roses, almost. “In some experiments we get a 70 per cent decrease (in methane emissions), which is quite staggering,” biochemist Dr John Wallace told Reuters. Dr Wallace, the leader of the microbial biochemistry […]

EIA: Gas Production in 2004 Dipped Due to Ivan, Fewer New Discoveries

Domestic production of dry natural gas fell 1% to 19.17 Tcf in 2004 due largely to the damage to infrastructure caused by Hurricane Ivan in the fourth quarter and the drop in new gas field discoveries, according to Energy Information Administration’s (EIA) annual report on U.S. oil and natural gas reserves. The areas with the […]

U.S. and China Collaborate on Sustainable Development Projects

An agreement signed this month by the United States and China Business Councils for Sustainable Development brings the U.S. closer to China on all things renewable. The focus will begin on expanding the use of clean-burning bio-fuels, creating a more sustainable strategy for the cement industry, of which China is the world’s largest producer, and […]

The Oil Drum: Why Oil (and Helium) are Still Underpriced

Economists often like to argue that the prices set by markets are simply right. In this way of thinking, it doesn’t make sense to ever say that oil is ever overpriced or underpriced. The problem with this for human civilization is that capitalism is an optimization method that finds optimal behavior a short time into […]

Fuel prices hit US vehicle sales

Sales at US car giant Ford have plunged as the US love affair with big sports utility vehicles continues to wane.The firm said its unit sales were down 18% in November, while General Motors’ sales were down 11% and DaimlerChrysler’s sales fell 2.7%. Link

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